FNB vs Discovery

Interest rates compared

Last updated 3rd August 2025 by Walter

Introduction

This fixed deposit comparison page compares FNB interest rates to Discovery interest rates. All the interest rates shown are sourced from the FNB and Discovery websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 4th August 2025.

How do FNB fixed deposit interest rates compare to Discovery ?

You are more likely to find better interest rates at Discovery than FNB. Specifically, 6 out of 100 interest rates are better at FNB than Discovery. This means you are more likely to find a better interest rate at Discovery 94% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)

FNB
8.15%
best rate
Discovery
8.10%
best rate

The best interest rate you can get at FNB is 8.15% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 and be over the age of 55. Whilst at Discovery, the best interest rate you can get is 8.1% for the 60-month fixed deposit. You will need a minimum deposit of R10,000 .

But how do interest rates at FNB compare to Discovery across different terms and investment amounts?

3 month fixed deposit interest rates compared

FNB vs Discovery

This table shows FNB's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 month fixed deposit.

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
6.50%
7.05%
-
-14
R10,000 for 55+
6.65%
7.05%
-
-10
R10,000 for 55+
6.65%
7.05%
-
-10
R10,000 for 55+
6.50%
7.05%
-
-14
R100,000 for 18+
6.50%
7.05%
-
-138
R100,000 for 55+
6.65%
7.05%
-
-100
R100,000 for 55+
6.65%
7.05%
-
-100
R100,000 for 55+
6.50%
7.05%
-
-138
R250,000 for 18+
6.60%
7.05%
-
-285
R250,000 for 55+
6.75%
7.05%
-
-190
R250,000 for 55+
6.75%
7.05%
-
-190
R250,000 for 55+
6.60%
7.05%
-
-285
R1,000,000 for 18+
6.80%
7.05%
-
-617
R1,000,000 for 55+
6.95%
7.05%
-
-237
R1,000,000 for 55+
6.95%
7.05%
-
-237
R1,000,000 for 55+
6.80%
7.05%
-
-617
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 6.8% interest rate at FNB for a R1,000,000 investment in a 3 month fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.05%. Over 3 months you will earn R617 less in interest at FNB compared Discovery.

6 month fixed deposit interest rates compared

FNB vs Discovery

This table shows FNB's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
6.90%
7.30%
-
-21
R10,000 for 55+
6.90%
7.30%
-
-21
R10,000 for 55+
6.85%
7.30%
-
-23
R10,000 for 55+
6.85%
7.30%
-
-23
R100,000 for 18+
6.90%
7.30%
-
-208
R100,000 for 55+
6.90%
7.30%
-
-208
R100,000 for 55+
6.85%
7.30%
-
-232
R100,000 for 55+
6.85%
7.30%
-
-232
R250,000 for 18+
7.00%
7.30%
-
-386
R250,000 for 55+
7.00%
7.30%
-
-386
R250,000 for 55+
6.95%
7.30%
-
-446
R250,000 for 55+
6.95%
7.30%
-
-446
R1,000,000 for 18+
7.20%
7.30%
-
-530
R1,000,000 for 55+
7.20%
7.30%
-
-530
R1,000,000 for 55+
7.20%
7.30%
-
-530
R1,000,000 for 55+
7.20%
7.30%
-
-530
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 7.2% interest rate at FNB for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.30%. Over 6 months you will earn R530 less in interest at FNB compared Discovery.

1 year fixed deposit interest rates compared

FNB vs Discovery

This table shows FNB's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
7.20%
7.50%
-
-32
R10,000 for 55+
7.35%
7.50%
-
-16
R10,000 for 55+
7.35%
7.50%
-
-16
R10,000 for 55+
7.20%
7.50%
-
-32
R100,000 for 18+
7.20%
7.50%
-
-320
R100,000 for 55+
7.35%
7.50%
-
-160
R100,000 for 55+
7.35%
7.50%
-
-160
R100,000 for 55+
7.20%
7.50%
-
-320
R250,000 for 18+
7.30%
7.50%
-
-525
R250,000 for 55+
7.45%
7.50%
-
-125
R250,000 for 55+
7.45%
7.50%
-
-125
R250,000 for 55+
7.30%
7.50%
-
-525
R1,000,000 for 18+
7.50%
7.50%
-
0
R1,000,000 for 55+
7.65%
7.50%
+
1,600
R1,000,000 for 55+
7.65%
7.50%
+
1,600
R1,000,000 for 55+
7.50%
7.50%
-
0
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 7.5% interest rate at FNB for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.50%. Over 12 months you will earn R0 less in interest at FNB compared Discovery.

2 year fixed deposit interest rates compared

FNB vs Discovery

This table shows FNB's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
7.15%
7.50%
-
-80
R10,000 for 55+
7.20%
7.50%
-
-69
R10,000 for 55+
7.20%
7.50%
-
-69
R10,000 for 55+
7.15%
7.50%
-
-80
R100,000 for 18+
7.15%
7.50%
-
-796
R100,000 for 55+
7.20%
7.50%
-
-689
R100,000 for 55+
7.20%
7.50%
-
-689
R100,000 for 55+
7.15%
7.50%
-
-796
R250,000 for 18+
7.25%
7.50%
-
-1,399
R250,000 for 55+
7.30%
7.50%
-
-1,130
R250,000 for 55+
7.30%
7.50%
-
-1,130
R250,000 for 55+
7.25%
7.50%
-
-1,399
R1,000,000 for 18+
7.45%
7.50%
-
-1,077
R1,000,000 for 55+
7.55%
7.50%
+
1,293
R1,000,000 for 55+
7.55%
7.50%
+
1,293
R1,000,000 for 55+
7.45%
7.50%
-
-1,077
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 7.45% interest rate at FNB for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.50%. Over 2 years you will earn R1,077 less in interest at FNB compared Discovery.

3 year fixed deposit interest rates compared

FNB vs Discovery

This table shows FNB's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
7.15%
7.60%
-
-167
R10,000 for 55+
7.20%
7.60%
-
-150
R10,000 for 55+
7.20%
7.60%
-
-150
R10,000 for 55+
7.15%
7.60%
-
-167
R100,000 for 18+
7.15%
7.60%
-
-1,668
R100,000 for 55+
7.20%
7.60%
-
-1,495
R100,000 for 55+
7.20%
7.60%
-
-1,495
R100,000 for 55+
7.15%
7.60%
-
-1,668
R250,000 for 18+
7.25%
7.60%
-
-3,218
R250,000 for 55+
7.30%
7.60%
-
-2,784
R250,000 for 55+
7.30%
7.60%
-
-2,784
R250,000 for 55+
7.25%
7.60%
-
-3,218
R1,000,000 for 18+
7.45%
7.60%
-
-5,577
R1,000,000 for 55+
7.55%
7.60%
-
-1,745
R1,000,000 for 55+
7.55%
7.60%
-
-1,745
R1,000,000 for 55+
7.45%
7.60%
-
-5,577
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 7.45% interest rate at FNB for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 7.60%. Over 3 years you will earn R5,577 less in interest at FNB compared Discovery.

5 year fixed deposit interest rates compared

FNB vs Discovery

This table shows FNB's and Discovery's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount FNB1Discovery1 Winner 2
R10,000 for 18+
7.80%
8.10%
-
-227
R10,000 for 55+
7.80%
8.10%
-
-227
R10,000 for 55+
7.80%
8.10%
-
-227
R10,000 for 55+
7.80%
8.10%
-
-227
R100,000 for 18+
7.80%
8.10%
-
-2,265
R100,000 for 55+
7.80%
8.10%
-
-2,265
R100,000 for 55+
7.80%
8.10%
-
-2,265
R100,000 for 55+
7.80%
8.10%
-
-2,265
R250,000 for 18+
7.90%
8.10%
-
-3,783
R250,000 for 55+
7.90%
8.10%
-
-3,783
R250,000 for 55+
7.90%
8.10%
-
-3,783
R250,000 for 55+
7.90%
8.10%
-
-3,783
R1,000,000 for 18+
8.10%
8.10%
-
0
R1,000,000 for 55+
8.15%
8.10%
+
3,456
R1,000,000 for 55+
8.15%
8.10%
+
3,456
R1,000,000 for 55+
8.10%
8.10%
-
0
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at FNB over and above Discovery.
    A negative amount means that Discovery offers more than FNB.
How to read this table?

You get a 8.1% interest rate at FNB for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 55). Discovery's interest rate for the same terms is 8.10%. Over 5 years you will earn R0 less in interest at FNB compared Discovery.